Authorization of the new industrialization, the 2024th anniversary of XCMG Machinery shows a high quality development

Xuzhou, ChinaPresent May 13, 2025 / Prnewswire/ – XCMG machines (“XCMG”, She: 000425), a worldwide leading provider of construction machinery, has published his annual report in 2024 and shows a strong performance with the net profit that has achieved the shareholders, CNY 5.976 billion ((USD 821.866 million), an increase of 12.2 percent compared to the previous year. The total turnover remains stable Cny 91.66 billion ((USD 12.61 billion).

XCMG continues to hold a leading position in China Construction machine industry. The inconceivable net profit achieved CNY 5.762 billion ((USD 792,435 million), by 28.14% compared to the year. The gross profit margin and the group's net profit margin show a continuous improvement with a significant increase in operating cash flows of 60.18 percent compared to the previous year CNY 5.720 billion ((USD 786,660 million). The net sales margin also increased by 0.89 percent compared to the previous year to 6.53 percent in 2024.

The proportion of income in overseas has continued to grown. In 2024 the income from overseas reached the income Cny 41.687 billion ((USD 5.73 billion), which marks an increase of 12 percent compared to the previous year and is 45.48 percent of total sales.

The F&E investment of XCMG rose by 11.1 percent in 2024 with an investment of approximately Cny 5.6 billion ((USD 772.8 million) what makes 6.11 percent of sales. By the end of 2024, the company has 7,619 F&E employees, an increase of 12.13 percent. Throughout the year, it added more than 1,600 new authorized patents, of which over 750 patents are for the invention.

High quality development and long -term returns for value investments

In 2024, a resistant growth showed and was a year of the breakthrough for XCMG with accelerated development of intelligent transformation, digitization and networked operation and stable growth, which shows high -quality development moment.

XCMG takes the lead to promote the transformation and the new industrialization path involved in AI to be indecent, with the innovative, high -quality development accelerating with its own characteristics. XCMG Hanyun focuses in particular on the three main sectors of intelligent production, the Internet of vehicles and unmanned application scenarios that use Hanyun OS and AI technologies as the core.

With a high -quality development and a sustainable performance as a sustainable basis, XCMG shares the development fruits with investors through money dividends, stock returns and more and show trust through the increase in participation by the main shareholders, the participation of employees and equity incentives.

In 2024, the cash dividends of XCMG remained Cny 2.127 billion ((USD 292,521 million). The company will further advance its share buyback program, the initiative, including the assignment of no less than less than Cny 1.8 billion ((USD 247,550 million) for equity incentives and workers' ownership plans, while they are dedicated to a minimum of at least Cny 300 million ((USD 41.258 million) To share cancellation by return purchases.

XCMG continues the growth trend in the first quarter of 2025 and reports an operational income of Cny 26.815 billion ((USD 3.69 billion) an increase of 10.92 percent compared to the previous year; Net profit from Cny 2.022 billion ((USD 278,081 million) an increase of 26.37 percent compared to the previous year; drawn non-net profit of Cny 2.007 billion ((USD 276,018 million) An increase of 36.88 percent compared to the previous year and the operational cash flow rose by almost 2.6 times.

Source XCMG machines